Gaddafi is clever.
In his televised speech, he made clear that he is anti-Al-Qaeda. That he regards the protesters as misguided followers of it.
He referred to countries like India, China, etc that supported the UN resolution as friends. He said when Libya checked, these countries said - they cannot help it since even your Libyan ambassador told us to do so. So he put the blame on his ambassadors and called them traitors. He did not blame these countries.
He said Obama was a good man but maybe misinformed by his advisers.
So the message to USA and Europe is this:
Look, I am on your side - we are all Anti-Al Qaeda and Anti-extremist.
Are you sure you want to see me deposed and replaced by a theocracy that is anti-West and greatly influenced by Al-Qaeda and the "brotherhood" and Iran?
Just give me some time to wipe out these protesters.
We can be friends again.
I still regard you as friends.
Libyan oil can still be sold to you after I put down this protest.
After this, we can still do multi-billion $$$ business.
(Your big oil companies will like it. They may be top contributors to your election campaign funds.)
Just leave us alone at this time.
This is an internal affair of my country Libya.
The pressure is not on USA and Europe to act.
The pressure is now on Iran and the "brotherhood".
If the protests fizzle out, then it may likewise affect Bahrain, Egypt and Yemen and though Mubarak and Tunisia's leader are gone, the people who replace him may be just the same as before - i.e. pro-West.
So maybe USA and Europe will wait and do nothing besides making some token televised 30 second soundbites of comment on Libya - that is all. There will be no action whatsoever. Wait and see how Iran and Brotherhood reacts.